Carlyle-Led Group to Buy Dealogic
Private equity firm leads $700 million acquisition.
Euromoney Institutional Investor and Randall Winn, former CEO of Capital IQ, are co-investors in the deal.
Dealogic provides mergers and acquisitions (M&A) support to investment banks through its software products. The deal is expected to close by the end of 2014, subject to regulatory approvals.
"Dealogic is a globally recognized and trusted brand and its software and data platform is the de facto standard for the investment banking industry," says Cam Dyer, MD of The Carlyle Group. "Through its 30-year history, Dealogic has invested heavily in developing its technology to create solutions that drive productivity and profitability for its customers and has become an increasingly important part of its customers' critical work flows. We believe that Dealogic, with its talented management and employee base, will build on that success by introducing newly developed software-as-a-service solutions and growing via acquisition to expand its relationships with customers."
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